WELLINGTON, Fla.—(BUSINESS WIRE)—Jul. 9, 2012— B/E Aerospace (Nasdaq: BEAV) (the “Company”), announced today it has commenced an underwritten public offering of $675.0 million aggregate principal amount of its 5.25% senior notes due 2022.
The senior notes are being offered pursuant to a prospectus supplement and an accompanying prospectus filed by the Company as part of a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).
The senior notes are an additional issuance of, will be fully fungible with, rank equally with, and form a single series with the Company’s $500 million 5.25% Senior Notes due 2022 issued on March 13, 2012, and will have the same CUSIP number.
The Company intends to use the net proceeds of the offering, together with cash on hand, to fund the consideration in its concurrent tender offer and consent solicitation for any and all of its outstanding 8.50% Senior Notes due 2018, including the payment of accrued interest and any applicable consent payment. The Company intends to use any remaining net proceeds from this offering (to the extent less than all of the 8.50% Senior Notes due 2018 are tendered) for other general corporate purposes.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and UBS Securities LLC are acting as joint book-running managers and RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as co-managers for the offering.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, the notes described herein, nor shall there be any sale of these notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction.
The offering is being made by means of a prospectus and the related prospectus supplement only. Copies of the prospectus and the related preliminary prospectus supplement can be obtained from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, attention: High Yield Syndicate, (800) 245-8812, HY_syndicate@jpmorgan.com, Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, New York 11220, (877) 858-5407, Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, (800) 221-1037, Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, telephone (866) 471-2526, facsimile (212) 902-9316, prospectus-ny@ny.email.gs.com, and UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, New York 10171, (877) 827-6444, ext. 561 3884.